Runway
During our due diligence process, we engage with a number of talented entrepreneurs with problem-solving technology or products who are not at the right stage to receive our investment but we feel can be assisted to scale their company using our expertise and experience.
To serve these companies, we have set up an office in Mexico City to help them scale in Latin America. We have built a network of airlines, hotels, travel agents, and logistics companies who are willing to trial products and services, enabling our Runway companies to rapidly scale in the region.
Why Latin America?
Demographic statistics show the emerging Latin American middle class now represents 40-60% of the population. By 2030, this will reach a market size of 1 billion with huge purchasing power for travel and experiences.
The last decade saw a two-fold increase in domestic and inter-regional travel and tourism. This trend is expected to grow even more after COVID-19, with the market expected to be worth $322 billion over the next 15 years.
Latin America has five cities in the global top 50 largest cities, which has led to it facing challenges in terms of logistics and mobility but has resulted in major transformations such as Bogotá having developed the world’s largest urban bus transit system.
